Cross Border Transactions : Tax tips

Cross border transactions

Canadian businesses with cross border transactions must establish a detailed transfer pricing plan supported by comprehensive documentation to ensure compliance with the Canadian income tax rules.

Transfer pricing penalties on cross border transactions

The Canada Revenue Agency (Canadian tax department) can assess transfer pricing penalties on cross border transactions if they adjust transfer prices to comply with arm’s length prices.

Disclaimer:
"This article provides information of a general nature only. It may no longer be current. It does not provide legal advice nor should it be relied upon. If you have specific legal questions you should consult a lawyer."